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1. there is no brand loyalty in USA. those PS2 owners have moved on to Wii or 360. Or they find next gen still too expensive. And 299 isn't going to change that otherwise they would have picked up a 360 long time ago.

2. You don't know what you're talking about when talking about signs of "slowing down" Xbox 360 is the only console that is up YoY. And wii hasn't had a price cut since launch. If Wii all of a sudden comes out and announces 169 Wii console, PS3 slim price cut will be last weeks news.

3. There is no chance in hell Sony will outsell wii this holiday season. You don't know what happens to the wii for hollidays...it becomes THE perfect gift.